A. J. Johnson Consulting Services, Inc.

Tax Credit

  1. Home
  2. chevron_right
  3. Tax Credit

IRS Publishes Final Regulation on Average Income Set-Aside

person
A. J. Johnson
Key Takeaway On October 7, 2025, the IRS will publish its long-awaited final regulation governing the Average Income Minimum Set-Aside Test for the Low-Income Housing Tax Credit (LIHTC). The rule clarifies how owners identify and report “qualified groups” of units,…

HUD Releases 2026 Inflationary Adjustments

person
A. J. Johnson
HUD’s 2026 Housing Program Adjustments: Partial Release Status   HUD has not yet released the major 2026 program adjustments that housing providers typically need for annual planning, including Fair Market Rents (FMRs), income limits, and payment standards. However, the department…

Historic Housing Expansion in Reconciliation Act

person
A. J. Johnson
Since being signed into law on July 4, I have read the “One Big Beautiful Bill” twice, in an effort to determine its impact on housing – especially affordable housing. What follows is my take on the impact of the…

Impact of Trump Administration’s Regulatory Restructuring on HUD and IRS

person
A. J. Johnson
The Trump administration’s recent executive order on federal regulations, “Ensuring Lawful Governance and Implementing the President’s ‘Department of Government Efficiency’ Deregulatory Initiative,” signals significant changes for federal agencies. The order has particularly notable implications for the Department of Housing and…

Understanding the HOTMA Educational Assistance Rules

person
A. J. Johnson
Under the Housing Opportunity Through Modernization Act (HOTMA), specific rules govern how educational assistance is treated as income for Section 8 residents. HOTMA Educational Assistance Rule Overview HOTMA clarified and simplified the treatment of educational assistance in determining a household’s…

2025 Social Security COLA Announced

person
A. J. Johnson
The federal government announced on October 10, 2024, that the Social Security Cost of Living Adjustment (COLA) for 2025 will be 2.5%, slightly lower than the 3.2% increase for 2024. This increase will provide an additional $50 per month for…

HUD Publishes 2024 Income Limits

person
A. J. Johnson
On April 1, 2024, HUD published the 2024 income limits for HUD programs as well as for the Low-Income Housing Tax Credit and Tax-Exempt Bond programs. The limits are effective on April 1, 2024.  The limits for the LIHTC and…

HUD Expands List of Federally Mandated Income Exclusions

person
A. J. Johnson
On January 31, 2024, the Department of Housing and Urban Development (HUD) published an updated list of income excluded for HUD-assisted housing programs. Since the Low-Income Housing Tax Credit Program (LIHTC) must follow HUD rules regarding income determination, these exclusions…

HUD HOTMA Rules Clarify and Change the Treatment of Assets

person
A. J. Johnson
Introduction HUD Notice H 2013-10 expands upon the Final Rule for implementing the Housing Opportunity Through Modernization Act (HOTMA). This final rule makes some changes to the way managers of HUD-assisted housing will deal with assets on HUD-assisted properties. Since…

HUD Issues Clarifying HOTMA Guidance

person
A. J. Johnson
Last week, the U.S. Department of Housing and Urban Development issued more detailed guidelines to assist in the enactment of the Housing Opportunity Through Modernization Act (HOTMA) of 2016. This Act aims to simplify procedures and lessen the responsibilities of…

HUD NSPIRE Standards Include “Affirmative” Requirements

person
A. J. Johnson
HUD’s new housing inspection process provides a single inspection standard for all units under the Public Housing, Housing Choice Voucher, Multifamily, and Community Planning & Development (CPD) housing programs. The National Standards for the Physical Inspection of Real Estate (NSPIRE)…

HOTMA Makes Important Changes to the Definition of a “Family”

person
A. J. Johnson
Introduction The U.S. Department of Housing and Urban Development (HUD) has released Notice H 2013-10, which expands upon the Final Rule for implementing the Housing Opportunity Through Modernization Act (HOTMA). This final rule revises the definition of “family” to also…

HOTMA Adds New Income Exclusions

person
A. J. Johnson
HOTMA Adds New Income Exclusions for Affordable Housing Projects Introduction In February 2023, the U.S. Department of Housing and Urban Development (HUD) published the Final Rule implementing the Housing Opportunity Through Modernization Act (HOTMA). Subsequently, on September 29, 2023, HUD…

HOTMA Makes Significant Changes to Asset Rules

person
A. J. Johnson
Navigating Changes in Asset Rules under the HUD Final Rule Implementing HOTMA Introduction In February 2023, the U.S. Department of Housing and Urban Development (HUD) published the Final Rule implementing the Housing Opportunity Through Modernization Act (HOTMA). Subsequently, on September…

HUD Issues New HOTMA Implementation Guidance

person
A. J. Johnson
On September 29, 2023, HUD published Housing Notice 2023-10, Implementation Guidance: Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016. The Notice contains implementation guidance for everything but the Section 104 asset limitation. HUD will provide…

Online Training

AJJCSTraining.com

Visit our online training platform to participate in our web-based courses.

Guidance

The Professional Property Manager's Guide to the Low Income Housing Tax Credit

An easy to understand and in-depth guide written by a nationally recognized leader in affordable housing compliance, A. J. Johnson.


The Professional Property Manager's Guide to the Violence Against Women Act

Designed to provide professionals in the affordable housing industry with an easy to understand reference manual for issues related to VAWA.

Subscribe To News

* indicates required
Menu